You42 To Begin Public Sale On July 2nd 2018
The public sale will come hot off the heels of a successful private presale that has raised $21.1M. Accredited investors may continue to invest via SAFT in the presale until the public sale opens. These presale events give users a chance to get in early and help shape the platform from its launch after the conclusion of the public ICO.
You42 is a social entertainment platform where users can create, share, and consume a wide range of content, from videos to music and games to individual elements such as out-takes and stems. By becoming content creators and curators, users can promote their work through the You42 Token and across the You42 social spaces platform.
Through the ICO, You42 hopes to raise a total of USD $50 million. This will be used to fund content and user acquisition campaigns to attract engaged users and content creators who can contribute to a robust social network of users.
You42’s New Vision for Social Media & Entertainment
You42 was founded to counter the influence of large entertainment firms while giving consumers and creators new opportunities to engage with one another. The You42 platform lets them do this by:
- Creating Content– Creators can use the platform to release new games, music, artwork, articles and other content. From there they can monetize their work using the U42 Token.
- Rewarding Fans– Creators can use the platform to reward loyal fans with special discounts, early access to exclusive content, and direct communication through live chat, videos, and messages. Fans get a new level of engagement, while creators have the tools needed to build their fanbase.
- Cultivating Convenience– You42 offers consumers the option of accessing all their favorite content from the same platform. This sets the stage for a more convenient experience, as users won’t have to switch between platforms for different types of entertainment.
You42 is issuing a fixed total of 525 million Tokens, which will be traded at a rate of 1 ETH to 808 Tokens (current market rate). When the public sale begins on July 2, 2018, consumers will be able to buy these tokens in earnest, supporting the platform while helping You42 reach its initial funding goal.